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Athene Leads Minority Investment in Australia s Challenger Limited News provided by Share this article Share this article HAMILTON, Bermuda, July 6, 2021 /PRNewswire/ Athene Holding Ltd. ( Athene ) (NYSE:ATH), a leading retirement services company, today announced that it, along with its strategic partner, Apollo Global Management ( Apollo ) (NYSE:APO), have agreed to acquire a 15% minority interest in Challenger Limited ( Challenger ) (ASX:CGF) from an existing shareholder, 3% of which is subject to customary Australian Prudential Regulation Authority approval. When combined with other Challenger shares acquired by Athene and Apollo, the acquisition of the 15% equity interest will result in a total expected minority economic interest of 18% for approximately A$720 million (or US$540 million). Athene and Apollo see attractive long-term opportunities in partnering with and supporting Challenger s continued growth as minority shareholders.

United statesUnited kingdomNoah gunnJim belardiSidley austinIowa insurance divisionChallenger limitedChallenger life company limitedAthene holding ltdAustralian prudential regulation authoritySecurities exchangeDelaware department of insurancePrnewswire athene holding ltdApollo global managementFunds managementLife company limited